
Austria Supports Hungary’s Euro Push While Poland Urges Caution
The Hungarian central bank chief said he won’t hinder Péter Magyar’s plan to join the euro zone.

The Hungarian central bank chief said he won’t hinder Péter Magyar’s plan to join the euro zone.

With the threat of stagflation growing stronger, the ECB is allegedly still reluctant to raise interest rates. This is very troubling, especially with stagflation lurking in the woods.

Since joining the EU in 2004, Poles have been steadily losing enthusiasm for the common European currency.

The numbers don’t lie, but euro zone money chief Christine Lagarde still refuses to be responsible and admit the obvious.

There is at least a 90% chance that the common currency will squander all economic progress the country made under Fidesz.

Analysts warn that compliance with euro zone entry rules could force spending cuts or tax rises at a time of already weak growth.

The Hungarian economy cannot afford to be forced into a one-size-fits-all monetary policy.

It would be a fool’s errand for Hungary to go to Brussels and submit to policies that are directly harmful to Hungary in exchange for an unfreezing of EU funding.

An unlikely political alliance opens for a reversal of the no-euro outcome from 2003. But the currency switch would not benefit the Swedish economy.

While the Hungarian people seek stability and the preservation of their way of life, Magyar’s sponsors in Brussels are salivating at the prospect of a compliant, hollowed-out Hungary.